İş Private Equity offloads Aras Kargo stake

As part of the transaction, Austrian Post also acquired a further 5% stake in Aras Kargo from the company's founders, the Aras family. Following the deal, the Aras family remain the majority owners with a 75% stake.

Austrian Post's 25% acquisition is valued at around €50m.

İş acquired its stake in Aras Kargo in December 2011, investing slightly less than $10m (€7.5m) as part of a growth equity deal.

Company
Aras Kargo is a Turkish parcel service provider, with annual revenues of around €250m. The company delivers an average of 46 million parcels and 32 million documents each year, and has a market share in excess of 25%.

The company operates throughout Turkey through its 800 branches, 28 distribution centres and 2,600 delivery vehicles. Aras Kargo employs 5,400 people.

People
Evrim Aras is chairman and CEO of Aras Kargo.

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